Quick compare

Compare rates for two territories

Albania@/uk/taxsummaries/wwts.nsf/ID/Albania-Corporate-Taxes-on-corporate-income@15!,Algeria@/uk/taxsummaries/wwts.nsf/ID/Algeria-Corporate-Taxes-on-corporate-income@19% for manufacturing activities;
23% for building activities, public works, and hydraulics, as well as tourist and thermal activities, excluding travel agencies;
26% for all other activities.
!,Angola@/uk/taxsummaries/wwts.nsf/ID/Angola-Corporate-Taxes-on-corporate-income@30!,Argentina@/uk/taxsummaries/wwts.nsf/ID/Argentina-Corporate-Taxes-on-corporate-income@30!,Armenia@/uk/taxsummaries/wwts.nsf/ID/Armenia-Corporate-Taxes-on-corporate-income@20!,Australia@/uk/taxsummaries/wwts.nsf/ID/Australia-Corporate-Taxes-on-corporate-income@30% (27.5% for 'small business' entities)!,Austria@/uk/taxsummaries/wwts.nsf/ID/Austria-Corporate-Taxes-on-corporate-income@25!,Azerbaijan@/uk/taxsummaries/wwts.nsf/ID/Azerbaijan-Corporate-Taxes-on-corporate-income@20!,Bahrain@/uk/taxsummaries/wwts.nsf/ID/Bahrain-Corporate-Taxes-on-corporate-income@46 for oil corp.'s;
0 for other corp.'s!,Barbados@/uk/taxsummaries/wwts.nsf/ID/Barbados-Corporate-Taxes-on-corporate-income@30!,Belarus@/uk/taxsummaries/wwts.nsf/ID/Belarus-Corporate-Taxes-on-corporate-income@18!,Belgium@/uk/taxsummaries/wwts.nsf/ID/Belgium-Corporate-Taxes-on-corporate-income@29.58 (i.e. 29% + 2% surcharge)!,Bermuda@/uk/taxsummaries/wwts.nsf/ID/Bermuda-Corporate-Taxes-on-corporate-income@NA!,Bolivia@/uk/taxsummaries/wwts.nsf/ID/Bolivia-Corporate-Taxes-on-corporate-income@25 (except for mining and financial institutions, which have an additional income tax rate).!,Bosnia and Herzegovina@/uk/taxsummaries/wwts.nsf/ID/Bosnia-and-Herzegovina-Corporate-Taxes-on-corporate-income@10!,Botswana@/uk/taxsummaries/wwts.nsf/ID/Botswana-Corporate-Taxes-on-corporate-income@22!,Brazil@/uk/taxsummaries/wwts.nsf/ID/Brazil-Corporate-Taxes-on-corporate-income@34 (composed of IRPJ at the rate of 25% and CSLL at the rate of 9%)!,Bulgaria@/uk/taxsummaries/wwts.nsf/ID/Bulgaria-Corporate-Taxes-on-corporate-income@10!,Cabo Verde@/uk/taxsummaries/wwts.nsf/ID/Cabo-Verde-Corporate-Taxes-on-corporate-income@22.44 (i.e. 22% + 2% surcharge)!,Cambodia@/uk/taxsummaries/wwts.nsf/ID/Cambodia-Corporate-Taxes-on-corporate-income@20!,Cameroon, Republic of@/uk/taxsummaries/wwts.nsf/ID/Cameroon-Corporate-Taxes-on-corporate-income@33!,Canada@/uk/taxsummaries/wwts.nsf/ID/Canada-Corporate-Taxes-on-corporate-income@Federal CIT: 15%. Provincial and territorial CITs range from 11% to 16% and are not deductible for federal CIT purposes.!,Cayman Islands@/uk/taxsummaries/wwts.nsf/ID/Cayman-Islands-Corporate-Taxes-on-corporate-income@NA!,Chad@/uk/taxsummaries/wwts.nsf/ID/Chad-Corporate-Taxes-on-corporate-income@35!,Chile@/uk/taxsummaries/wwts.nsf/ID/Chile-Corporate-Taxes-on-corporate-income@25 or 27!,China, People's Republic of@/uk/taxsummaries/wwts.nsf/ID/Peoples-Republic-of-China-Corporate-Taxes-on-corporate-income@25!,Colombia@/uk/taxsummaries/wwts.nsf/ID/Colombia-Corporate-Taxes-on-corporate-income@The nominal rate for FY 2019 is 33%, this rate will decrease up to 30% in 2022 (32% in FY 2020 and 31% in FY 2021).!,Congo, Democratic Republic of the@/uk/taxsummaries/wwts.nsf/ID/Democratic-Republic-of-Congo-Corporate-Taxes-on-corporate-income@35!,Congo, Republic of@/uk/taxsummaries/wwts.nsf/ID/Republic-of-Congo-Corporate-Taxes-on-corporate-income@30!,Costa Rica@/uk/taxsummaries/wwts.nsf/ID/Costa-Rica-Corporate-Taxes-on-corporate-income@30!,Croatia@/uk/taxsummaries/wwts.nsf/ID/Croatia-Corporate-Taxes-on-corporate-income@18 (12% for companies realising less than HRK 3 million in revenues)!,Cyprus@/uk/taxsummaries/wwts.nsf/ID/Cyprus-Corporate-Taxes-on-corporate-income@12.5!,Czech Republic@/uk/taxsummaries/wwts.nsf/ID/Czech-Republic-Corporate-Taxes-on-corporate-income@19!,Denmark@/uk/taxsummaries/wwts.nsf/ID/Denmark-Corporate-Taxes-on-corporate-income@22!,Dominican Republic@/uk/taxsummaries/wwts.nsf/ID/Dominican-Republic-Corporate-Taxes-on-corporate-income@27!,Ecuador@/uk/taxsummaries/wwts.nsf/ID/Ecuador-Corporate-Taxes-on-corporate-income@22% to 28%, depending on the company's shareholders structure (corporate structure) and disclosure compliance.!,Egypt@/uk/taxsummaries/wwts.nsf/ID/Egypt-Corporate-Taxes-on-corporate-income@22.5!,El Salvador@/uk/taxsummaries/wwts.nsf/ID/El-Salvador-Corporate-Taxes-on-corporate-income@30!,Equatorial Guinea@/uk/taxsummaries/wwts.nsf/ID/Equatorial-Guinea-Corporate-Taxes-on-corporate-income@35!,Estonia@/uk/taxsummaries/wwts.nsf/ID/Estonia-Corporate-Taxes-on-corporate-income@20 (undistributed profits are tax exempt)!,Fiji@/uk/taxsummaries/wwts.nsf/ID/Fiji-Corporate-Taxes-on-corporate-income@20!,Finland@/uk/taxsummaries/wwts.nsf/ID/Finland-Corporate-Taxes-on-corporate-income@20!,France@/uk/taxsummaries/wwts.nsf/ID/France-Corporate-Taxes-on-corporate-income@33.33, plus a social contribution of 3.3% assessed on the amount of CIT.!,Gabon@/uk/taxsummaries/wwts.nsf/ID/Gabon-Corporate-Taxes-on-corporate-income@30 (35% for oil & gas and mining companies)!,Georgia@/uk/taxsummaries/wwts.nsf/ID/Georgia-Corporate-Taxes-on-corporate-income@15

Moldova@/uk/taxsummaries/wwts.nsf/ID/Moldova-Corporate-Taxes-on-corporate-income@12!,Mongolia@/uk/taxsummaries/wwts.nsf/ID/Mongolia-Corporate-Taxes-on-corporate-income@25!,Montenegro@/uk/taxsummaries/wwts.nsf/ID/Montenegro-Corporate-Taxes-on-corporate-income@9!,Morocco@/uk/taxsummaries/wwts.nsf/ID/Morocco-Corporate-Taxes-on-corporate-income@31!,Mozambique@/uk/taxsummaries/wwts.nsf/ID/Mozambique-Corporate-Taxes-on-corporate-income@32!,Myanmar@/uk/taxsummaries/wwts.nsf/ID/Myanmar-Corporate-Taxes-on-corporate-income@25!,Namibia, Republic of@/uk/taxsummaries/wwts.nsf/ID/Republic-of-Namibia-Corporate-Taxes-on-corporate-income@32!,Netherlands@/uk/taxsummaries/wwts.nsf/ID/Netherlands-Corporate-Taxes-on-corporate-income@25!,New Zealand@/uk/taxsummaries/wwts.nsf/ID/New-Zealand-Corporate-Taxes-on-corporate-income@28!,Nicaragua@/uk/taxsummaries/wwts.nsf/ID/Nicaragua-Corporate-Taxes-on-corporate-income@30!,Nigeria@/uk/taxsummaries/wwts.nsf/ID/Nigeria-Corporate-Taxes-on-corporate-income@30!,Norway@/uk/taxsummaries/wwts.nsf/ID/Norway-Corporate-Taxes-on-corporate-income@22% (25% for certain companies within the financial sector).!,Oman@/uk/taxsummaries/wwts.nsf/ID/Oman-Corporate-Taxes-on-corporate-income@15!,Pakistan@/uk/taxsummaries/wwts.nsf/ID/Pakistan-Corporate-Taxes-on-corporate-income@30!,Panama@/uk/taxsummaries/wwts.nsf/ID/Panama-Corporate-Taxes-on-corporate-income@25!,Papua New Guinea@/uk/taxsummaries/wwts.nsf/ID/Papua-New-Guinea-Corporate-Taxes-on-corporate-income@Resident: 30;
Non-resident: 48!,Paraguay@/uk/taxsummaries/wwts.nsf/ID/Paraguay-Corporate-Taxes-on-corporate-income@10!,Peru@/uk/taxsummaries/wwts.nsf/ID/Peru-Corporate-Taxes-on-corporate-income@29.5!,Philippines@/uk/taxsummaries/wwts.nsf/ID/Philippines-Corporate-Taxes-on-corporate-income@30!,Poland@/uk/taxsummaries/wwts.nsf/ID/Poland-Corporate-Taxes-on-corporate-income@19% (9% for companies with revenues of up to EUR 1.200.000)!,Portugal@/uk/taxsummaries/wwts.nsf/ID/Portugal-Corporate-Taxes-on-corporate-income@21!,Puerto Rico@/uk/taxsummaries/wwts.nsf/ID/Puerto-Rico-Corporate-Taxes-on-corporate-income@39 (i.e. 20% + 19% surtax on income over USD 275,000)!,Qatar@/uk/taxsummaries/wwts.nsf/ID/Qatar-Corporate-Taxes-on-corporate-income@10!,Romania@/uk/taxsummaries/wwts.nsf/ID/Romania-Corporate-Taxes-on-corporate-income@16!,Russian Federation@/uk/taxsummaries/wwts.nsf/ID/Russian-Federation-Corporate-Taxes-on-corporate-income@20!,Rwanda@/uk/taxsummaries/wwts.nsf/ID/Rwanda-Corporate-Taxes-on-corporate-income@30!,Saint Lucia@/uk/taxsummaries/wwts.nsf/ID/Saint-Lucia-Corporate-Taxes-on-corporate-income@30!,Saudi Arabia@/uk/taxsummaries/wwts.nsf/ID/Saudi-Arabia-Corporate-Taxes-on-corporate-income@20!,Senegal@/uk/taxsummaries/wwts.nsf/ID/Senegal-Corporate-Taxes-on-corporate-income@30!,Serbia@/uk/taxsummaries/wwts.nsf/ID/Serbia-Corporate-Taxes-on-corporate-income@15!,Singapore@/uk/taxsummaries/wwts.nsf/ID/Singapore-Corporate-Taxes-on-corporate-income@17!,Slovak Republic@/uk/taxsummaries/wwts.nsf/ID/Slovak-Republic-Corporate-Taxes-on-corporate-income@21!,Slovenia@/uk/taxsummaries/wwts.nsf/ID/Slovenia-Corporate-Taxes-on-corporate-income@19!,South Africa@/uk/taxsummaries/wwts.nsf/ID/South-Africa-Corporate-Taxes-on-corporate-income@28!,Spain@/uk/taxsummaries/wwts.nsf/ID/Spain-Corporate-Taxes-on-corporate-income@25!,Sri Lanka@/uk/taxsummaries/wwts.nsf/ID/Sri-Lanka-Corporate-Taxes-on-corporate-income@28!,Swaziland@/uk/taxsummaries/wwts.nsf/ID/Swaziland-Corporate-Taxes-on-corporate-income@NA!,Sweden@/uk/taxsummaries/wwts.nsf/ID/Sweden-Corporate-Taxes-on-corporate-income@21.4!,Switzerland@/uk/taxsummaries/wwts.nsf/ID/Switzerland-Corporate-Taxes-on-corporate-income@Federal CIT: 8.5% on profit after tax (7.83% on profit before tax). Cantonal and communal CITs are added to federal CIT, resulting in an overall effective tax rate of 11.5% to 24.2%, depending on the company’s location of corporate residence in Switzerland.!,Taiwan@/uk/taxsummaries/wwts.nsf/ID/Taiwan-Corporate-Taxes-on-corporate-income@20!,Tajikistan@/uk/taxsummaries/wwts.nsf/ID/Tajikistan-Corporate-Taxes-on-corporate-income@23 (13% for enterprises producing goods)!,Tanzania@/uk/taxsummaries/wwts.nsf/ID/Tanzania-Corporate-Taxes-on-corporate-income@30!,Thailand@/uk/taxsummaries/wwts.nsf/ID/Thailand-Corporate-Taxes-on-corporate-income@20!,Timor-Leste@/uk/taxsummaries/wwts.nsf/ID/Timor-Leste-Corporate-Taxes-on-corporate-income@10!,Trinidad and Tobago@/uk/taxsummaries/wwts.nsf/ID/Trinidad-and-Tobago-Corporate-Taxes-on-corporate-income@30 (35% for commercial banks)

Tunisia@/uk/taxsummaries/wwts.nsf/ID/Tunisia-Corporate-Taxes-on-corporate-income@25!,Turkey@/uk/taxsummaries/wwts.nsf/ID/Turkey-Corporate-Taxes-on-corporate-income@22!,Turkmenistan@/uk/taxsummaries/wwts.nsf/ID/Turkmenistan-Corporate-Taxes-on-corporate-income@Domestic corp.: 8;
Foreign corp.: 20!,Turks and Caicos Islands@/uk/taxsummaries/wwts.nsf/ID/JDCN-B82HL5@NA!,Uganda@/uk/taxsummaries/wwts.nsf/ID/Uganda-Corporate-Taxes-on-corporate-income@30!,Ukraine@/uk/taxsummaries/wwts.nsf/ID/Ukraine-Corporate-Taxes-on-corporate-income@18!,United Arab Emirates@/uk/taxsummaries/wwts.nsf/ID/United-Arab-Emirates-Corporate-Taxes-on-corporate-income@Up to 55% for upstream oil and gas activities, 20% for branches of foreign banks, and 0% for most others companies and branches.!,United Kingdom@/uk/taxsummaries/wwts.nsf/ID/United-Kingdom-Corporate-Taxes-on-corporate-income@19!,United States@/uk/taxsummaries/wwts.nsf/ID/United-States-Corporate-Taxes-on-corporate-income@Federal CIT: 21%. State CITs range from 1% to 12% (although some states impose no CIT) and are deductible expenses for federal CIT purposes.!,Uruguay@/uk/taxsummaries/wwts.nsf/ID/Uruguay-Corporate-Taxes-on-corporate-income@25!,Uzbekistan, Republic of@/uk/taxsummaries/wwts.nsf/ID/Republic-of-Uzbekistan-Corporate-Taxes-on-corporate-income@14!,Venezuela@/uk/taxsummaries/wwts.nsf/ID/Venezuela-Corporate-Taxes-on-corporate-income@34!,Vietnam@/uk/taxsummaries/wwts.nsf/ID/Vietnam-Corporate-Taxes-on-corporate-income@20!,Zambia@/uk/taxsummaries/wwts.nsf/ID/Zambia-Corporate-Taxes-on-corporate-income@35!,Zimbabwe@/uk/taxsummaries/wwts.nsf/ID/Zimbabwe-Corporate-Taxes-on-corporate-income@25.75

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Corporate income tax (CIT) rates

Headline rates for WWTS territories

The headline CIT rate is generally the highest statutory CIT rate, inclusive of surtaxes but exclusive of local taxes.

This table provides an overview only. See the territory summaries for more detailed information.

Country

Headline CIT rate (%)

Country

Headline CIT rate (%)

NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

All information in this chart is up to date as of 21 March 2019. This chart has been prepared for general guidance on matters of interest only, and does not
constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or
warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does
not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the
information contained in this chart or for any decision based on it.